LA QUINTA CORP 4
4 · LA QUINTA CORP · Filed Jul 5, 2005
Insider Transaction Report
Form 4
CUSHMAN JOHN C III
Director
Transactions
- Award
Phantom Stock
2005-07-01$9.32/sh+2,200$20,504→ 4,264 total→ Paired Shares (2,200 underlying)
Footnotes (2)
- [F1]The phantom stock units are to be paid only in Paired Shares on a one-for-one basis. Paired Shares consist of one share of common stock, par value $0.01 per share of La Quinta Corporation and one share of Class B common stock, par value of $0.01 per share, of La Quinta Properties, Inc. which are paired and trade as a single unit.
- [F2]The phantom stock units are to be paid only in Paired Shares upon the reporting person's termination of service from the Board of Directors of La Quinta Corporation.